Posts Tagged ‘gm china sales’

Ford, GM Sales in China Move in Opposite Directions

New product key to strong sales.

by on Mar.12, 2018

Jim Hackett, Ford president and CEO, discusses the plans to expand sales in China.

Ford Motor Co. suffered another sharp reversal of fortune in China during February where it reported vehicle sales dropped 30% from a year earlier while General Motors continues to roll up sales.

The sales drop by Ford appeared to reflect a dearth of new products as the company continued to struggle in the world’s largest auto market.

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Ford’s sales dropped 18% in January and in February totaled just 47,483 vehicles, accounting for the 30% drop mentioned earlier. (more…)

GM Sales Increase in China as Ford Sales Fall in January

Cadillac leading the way for GM.

by on Feb.12, 2018

Cadillac set a sales record in January in China, now the luxury division's largest market.

General Motors and its joint ventures in China delivered 367,712 vehicles in January, posting a year-over-year increase of 14.5%, but Ford Motor Co. suffered a reversal as sales dropped by 1% to 75,990 vehicles.

Nissan sales rose 13.1%. while Toyota Motor Co. sales rose 12.4%. Toyota Motor Corp aims to sell 1.4 million vehicles in China in 2018, nearly 9% more than it sold last year. Ford’s top executive in China abruptly resigned last month, citing personal reasons.

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GM, which is preparing to introduce 15 new or refreshed models in China this year, saw Cadillac set a new monthly sales record in what is now the brand’s largest market. (more…)

GM, Ford Sales in China Continue to Rise

General Motors breaks 3-million vehicle mark for 2016.

by on Nov.07, 2016

The Buick Envision sold big in China in October. The company reported sales of the SUV were up 28%.

For some makers, China has cooled down; however, General Motors and Ford continue to enjoy impressive sales results in 2016. GM surpassed 3 million vehicles for the year in October as Ford continued its run of double-digit sales jumps last month.

With its eye on a new record, GM China reported sales increased 5.7% during October to 345,733 vehicles in China. In the first 10 months of 2016, the jump in retail sales by GM and its joint ventures was even higher – 8.6% on an annual basis – raising the total to 3,064,048 units.

“GM and our joint ventures reached 3 million deliveries in record time, as sales remained strong across many segments,” said GM Executive Vice President and GM China President Matt Tsien.

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“We are pleased with the overall performance of our mainstream Cadillac, Buick and Chevrolet brands as well as the Baojun and Wuling brands in the highly competitive marketplace.” (more…)

GM’s China Sales Jump in September

Cadillac sales jump more than 50% for third straight month.

by on Oct.11, 2016

Cadillac saw XTS sales rise more than 30% last month in China.

General Motors reported sales in China increased by 16% during September and its joint ventures delivered a record 343,773 vehicles. The maker also announced an investment in a Chinese ride-sharing venture.

Cadillac set an all-time record for monthly deliveries, while Buick and Baojun, GM’s China-only brand, reached new highs for September, GM reported. In the first nine months of 2016, retail sales by GM and its joint ventures in China increased 9% on an annual basis to a record 2,718,315 units.

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“The growth in demand last month was supported by improving product mix,” said GM Executive Vice President and GM China President Matt Tsien. “We saw strong sales momentum across our brands, especially Cadillac in the luxury segment.” (more…)

GM China Sales Continue Growth Spurt

Nearly all of company's brands were up in August.

by on Sep.07, 2016

GM China President Matt Tsien noted the company's mainstream passenger car entries helped GM to record sales in China last month.

Strong sales by Cadillac helped General Motors and its Chinese partners set a new sales record during August.

GM and its joint ventures delivered 293,537 vehicles in China, which was up 18% year over year. The Cadillac, Buick, Chevrolet and Baojun brands reached all-time highs for the month, the company said.

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“Our mainstream passenger car entries drove our sales momentum,” said GM Executive Vice President and GM China President Matt Tsien. “We are looking to build on our success by adding another five new and refreshed models in the final four months.” (more…)

GM Enjoys Another Robust Sales Month in China

Automaker rides demand for SUVs to 16.9% increase.

by on Jun.03, 2016

GM Executive Vice President and GM China President Matt Tsien said GM was selling SUVs and MPVs in big numbers in China.

General Motors sales skidded in the U.S. in May, but continued to climb in the critical Chinese market.

Despite the slower than expected growth of the Chinese economy, GM reported its joint ventures increased 16.9% with the delivery of 295,282 vehicles across China. The Buick, Cadillac and Baojun brands and SUV lineup reached all-time highs for deliveries as well in May, according to GM China president Matt Tsien.

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“GM vehicle deliveries in China achieved robust growth in May,” said Tsien. “While demand for our SUVs, MPVs and luxury vehicles remained strong, we also saw impressive demand for passenger car models such as the Buick Excelle GT.” (more…)

GM Expecting More Growth in China

Maker plans to unveil 60 new products in next five years.

by on Mar.22, 2016

General Motors opened its new plant in Shanghai that will build the Cadillac CT6 for China.

Despite the softness in the Chinese economy, General Motors announced plans to introduce 60 new products in the China during the next five years, GM executives said this week.

During a visit to Beijing, GM President Dan Ammann announced the GM strategic plan for the next five years to fuel its growth momentum in China, where it now is the second-largest carmaker just behind Volkswagen.

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The strategy will provide an even stronger product mix, greener technologies and smarter solutions for personal mobility in the world’s largest vehicle market, according to Ammann. (more…)

General Motors China Sales Drop 9.3 Percent in February

Decline raises red flags about 2016 auto sales.

by on Mar.07, 2016

The Buick Envision helped push GM China's SUV sales up 115% in February. The company's overall sales were down 9.3%.

General Motors reported it sales in China dropped by 9.3% during February, reversing the sales gain the automaker reported during January and ing the anxiety felt around the world about the outlook for the Chinese economy in general.

GM blamed the decline on seasonal factors, notably the early start to the Chinese New Year holiday, which shuts down commerce throughout China. But with concerns about the path of the Chinese economy rattling markets around the world, the decline in February is bound to the anxiety over future auto sales in China, which is now the world’s largest market.

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GM executives have predicted that new vehicle sales in China, where the automaker ranks just behind Volkswagen in total sales, would grow modestly 2016. (more…)

GM Scores Third Consecutive Year of Record Global Sales

Detroit maker narrows gap with VW but still third in industry sales.

by on Jan.21, 2016

A Chevy Cruze in China, which has cemented its role as GM's largest global market.

While the increase was a modest 0.2%, General Motors nonetheless managed to eke out another global sales record in 2015, its third year in a row.

The Detroit-based maker today reported total sales came to 9.84 million, putting it just behind German rival Volkswagen AG. Toyota, which hasn’t yet reported its figures for 2015, is expected to retain the industry’s global sales crown, however.

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“GM continued to grow in 2015 as our focus on the customer and successful new vehicle launches more than offset the challenging conditions in South America and the curtailment of our presence in certain markets such as Russia,” GM President Dan Ammann said in a statement.

(more…)

GM, Ford, Buick Trend and Deliver Record Chinese Sales

by on Jan.08, 2016

The Ford Focus in China.

Despite the increasingly serious downturn in the Chinese economy, both Ford Motor Co. and General Motors Corp. managed to lock down record sales in China for 2015.

That bucks the trend that has hammered a number of their key competitors, including Japanese giant Toyota and embattled German maker Volkswagen. Both makers are upbeat, albeit playing things cautiously as they look ahead to 2016.

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So far, both GM and Ford have refrained from making any predictions about China’s market. However, executives from both companies are likely to be pressed for forecasts during the North American International Auto Show in Detroit next week.

(more…)

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